Law firm Stinson Leonard Street LLP officially launched, completing a merger between Stinson Morrison Hecker and Leonard, Street and Deinard that was initially announced Sept. 23, 2013.
TSYS, a Columbus, Ga.-based processor, has been recognized as one of America’s most community-minded companies in The Civic 50, an annual initiative that identifies and recognizes companies for their commitment to improve the quality of life in the communities where they do business.
Starbucks Corp. is introducing its gift cards in China, the company announced today, as it begins a significant expansion of its stores in the burgeoning gift card market.
The National Retail Federation formally has appealed a $5.7 billion settlement with MasterCard and Visa over credit card interchange fees, opening the next phase of a long-running legal dispute between merchants and the payment card networks.
Several of India’s largest Bitcoin exchanges have shuttered after the country’s central bank issued a statement last week warning of the risks of virtual currencies.
As the fallout continues from a data breach at Target retail stores that may have exposed millions of shoppers’ financial information, politicians and business groups are lobbying lawmakers to investigate the matter and crack down on security weaknesses that could lead to similar incidents.
Could 2014 bring a wave of m-POS consolidation? That trend springs to mind as details emerge about the sale of m-POS startup GoPago, a rising star launched in 2009 that secured a $25 million investment from JPMorgan Chase & Co. less than a year ago.
The European Central Bank has created a new board, replacing the Single Euro Payments Area (SEPA) Council, the ECB says will encourage development of an “integrated, innovative and competitive market” for retail payments in euro currency in the European Union.
Now that you’re back in the office and once again glued to your computer screen, you’ll continue receiving the industry news, insights and analysis you’ve come to expect from Paybefore. But it won’t exactly be business as usual for Paybefore this year.
Most folks this week are concentrating on tracking down last-second gifts or holiday dinner menu items. Not U.S. Sen. Robert Menendez (D-N.J.). He is, again, looking to “rein in hidden fees and strengthen financial protections offered by prepaid card companies” with new legislation announced today.
PayPal’s acquisition this week of StackMob, which provides a mobile payments development platform, is the latest in a series of deals bringing in top talent and new technology to enhance payment options PayPal offers to its diverse array of customers.
Gift cards are a hot item on millennials’ wishlists this year.
Reinforcing Bitcoin’s reputation for volatility, the value of the digital currency nosedived more than 35 percent Wednesday following word that BTC China, one of the country’s largest Bitcoin exchanges, was forced to stop accepting deposits in the Chinese currency renminbi.
A breach of data that may have exposed the financial information of 40 million shoppers at Target stores highlights the urgency of bolstering payment card security measures and adopting EMV chip technology, according to industry observers.
MasterCard has teamed up with mobile payment solutions provider eServGlobal and Belgacom’s carrier services unit BICS to extend the capabilities of their international mobile remittance platform HomeSend. The three firms have set up a joint venture which uses the HomeSend platform, in which MasterCard will have a controlling share.
Bank of America Merrill Lynch has signed a multi-year agreement with Earthport to “significantly expand Bank of America Merrill Lynch’s low value clearing capabilities globally, and to advance the efficiency of its high volume, low value payments”.
To attract the key millennial demographic, banks must look to prepaid and mobile.
Of any industry, the financial services sector might be the most contradictory when it comes to loyalty program effectiveness.
In a recent press release, the CFPB called on financial institutions to “voluntarily” disclose to the public its financial product marketing agreements made with colleges and universities.
As we approach year-end, the Canadian federal government has introduced three items of significance to federally regulated financial institutions (FRFIs).
Electronic gifting provider Loop Commerce has landed funding from PayPal Inc., with the payment giant making a Series A investment in the San Francisco-based startup.
Blackhawk Network has inked a deal with Coinstar that will give consumers the option of receiving Blackhawk e-gifts in return for change cashed in at Coinstar’s coin-counting kiosks.
Amazon may have purchased San Francisco-based GoPago Inc., a mobile payment startup whose technology enables merchants to process card payments so consumers can order and pay ahead with a smartphone, skipping lines at the checkout, according reports from several media outlets.
La Caixa, the Barcelona, Spain-based financial institution, has announced the launch of an NFC-based mobile payments service in partnership with Telefónica, Vodafone, Orange and Visa Europe.
A years-long court battle over interchange fees has reached another milestone, but appears to be far from settled.
Blackhawk Network Inc., a global prepaid payment network, last Friday announced its first commercial agreement in Africa, which will enable it to offer iTunes Gift Cards in South Africa through a partnership with Johannesburg-based distributor Opengate, a subsidiary of Value+Nettwork.
Vodafone Germany last Friday began its German launch of a mobile wallet with the integrated Vodafone SmartPass Visa payment application.
One month after going live throughout the U.S., the Isis mobile wallet has added Wells Fargo to its roster of bank partners, enabling holders of the bank’s Visa consumer credit cards to load their cards onto the NFC-based wallet.
Moving to improve and clarify payroll card industry practices, MasterCard today released new standards requiring all employers and payroll card providers involved in offering MasterCard-branded payroll cards to meet specific protocols for consumer choice and transparency
A new law in California will prohibit overdraft fees and extend other protections to recipients of state unemployment and government assistance who have their benefit funds deposited onto a prepaid card.
Cachet Financial Solutions, a Minneapolis-based provider of remote deposit capture (RDC) solutions, will be providing consumers in Latin America with RDC services for YEPEX, the mobile banking network of YellowPepper Mobile Financial Network.
The U.S. financially underserved market was worth $89 billion last year, according to a new study from the Center for Financial Services Innovation (CFSI).
PreCash is expanding its Evolve Money online and mobile bill pay app by enabling customers to pay bills using debit and prepaid cards, in addition to cash.
Square Inc. has stuffed its stocking in recent days with a few key acquisitions primed to enrich consumers’ use of the mobile payments app for everyday activities.
Gift cards will rule again as consumers’ top holiday gift choice in 2013, and a shortened holiday shopping season could benefit increasingly popular e-gift cards.
Littleton, Colo.-based card producer CPI Card Group has received a Center of Excellence award by the Smart Card Alliance.
Fiserv Inc., a Brookfield, Wis.-based financial services technology provider, recently announced that its Popmoney P2P payments service has taken top honors at the Mobile Money Global Awards and the Mobile Excellence Awards.
Paul Hastings LLP has placed second this year among the top 40 most innovative law firms in the Financial Times’ “U.S. Innovative Lawyers” report.
PayPal is bullish on Bitcoin, negative on NFC and ready to begin a major marketing push of the company’s buildup of mobile payment technology at the POS, according to David Marcus, PayPal president.
Clinkle Corp., the darling of investors and the media in recent months, appears to have hit some potholes on the road to launching a payment app that reportedly enables users to transfer funds between individuals and groups, and emphasizes social media.
